GREAT AGAIN: US Oil Output to Exceed Saudi Arabia ‘At Their Peak’ in Six Months

America’s energy industry continued to expand under President Trump heading into the New Year, with new estimates showing US crude output is on track to exceed Saudi Arabia “at their peak.”

“America’s journey to preeminence in the global oil trade is about to hit another milestone,” writes Bloomberg. “Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better.”

“American crude output is poised to expand by 1.1 million barrels a day this year, according to the IEA, which sees the U.S. exceeding the Saudis’ maximum level within the next six months,” adds the report.

The US became the world’s largest exporter of oil towards the end of 2018 after the Trump administration eased restrictions and allowed more off-shore drilling opportunities for American businesses.

64 Comments on "GREAT AGAIN: US Oil Output to Exceed Saudi Arabia ‘At Their Peak’ in Six Months"

Davy on Sun, 20th Jan 2019 5:28 am

Makattoo, the way you worded this reference are these your words or the nutter site global research dot ca?
“The US is also a state lacking in maturity and prudence, chained to an inability to halt incessant technological advancements; no matter how harmful and outlandish they are, from militarization of space to indestructible submarines and drone warfare….”
This is true of Russia and China don’t ya think or are you that naïve.

“On a per capita (per person) basis, the US is comfortably the planet’s largest carbon emitter.”
This is not true. There are other smaller countries that are great on a per capita basis. This also does not take into account the huge amount of energy used and re-exported in finished product of all kinds. This something you always harp about with China the world’s largest emitter.

Davy on Sun, 20th Jan 2019 5:32 am

“The Fed’s purpose is to create a crisis. The Fed’s goal is to cause a crash. The Fed is a suicide bomber that does not care what happens to the US system…”
Total BS and not worth a response

“I predict according to the current pace of the trade war and Fed liquidity tightening that de-dollerization will hit the mainstream by 2020.”
More BS from makattoo. The dollar is losing reserve currency state very slowly and this is a normal process considering the changes going on in the global economy. The dollar amounts of world trade done in dollars and Eurodollars still dwarfs other currencies.

“The process of “resetting” the global monetary system would likely take at least another decade to complete. The globalist preoccupation with their “Agenda 2030” sustainable development initiatives suggests a decade long timeline.”
Please tell me all about that reset makattoo.

Davy on Sun, 20th Jan 2019 5:36 am

“http://www.deagel.com/country/United-States-of-America_c0001.aspx”
“Anybody that is wealthy enough to have alternative arrangements would be wise to get out of here soon.”

Sure Mitch, did you study the numbers? How is the US going to fall that far and China rise as much as it does? Most smart people realize that if such a fall occurred in any major power the others would have a strong fall also. Deagel dot com has an agenda and is not legitimate as an indicator of collapse.

Davy on Sun, 20th Jan 2019 5:45 am

“Chicago weather says sub freezing temps and blowing snow for the next four days. Guess it’s no fun going outside. You can commiserate with your daddy Davy. He’s enjoying similar weather.”

I am enjoying using all that wood I have been putting up all year, makattoo. The thing about harsh weather is weak people like you can’t handle it so they move away to sunny places like you did. Strong people like me thrive on it.

Davy on Sun, 20th Jan 2019 5:54 am

OH, BTW, this is a sock puppet JuanP has used in the past:

Mitch on Sat, 19th Jan 2019 7:47 pm

makati1 on Sun, 20th Jan 2019 6:10 am

The Missouri mule and his sock puppet MOB is back denying reality as always. The West is going down. The East is rising. You are in last centuries power neighborhood. I am in this centuries power neighborhood.

Sunday evening here. The frogs are chirping and it is still 83F. Going down to 76F tonight. No wood needed. Or A/C. LOL

makati1 on Sun, 20th Jan 2019 6:18 am

For those who are reading challenged, here is the real world in a graphic. Notice who is in the green and who is in the red, near the bullseye?

“The Missouri mule and his sock puppet MOB is back denying reality as always. The West is going down. The East is rising. You are in last centuries power neighborhood. I am in this centuries power neighborhood.”
STFU makattoo, you know MOB is not my sock. Indicate the evidence? If we translate that stupid statement I think it indicates you have been moderated and neutered. East is going down with the west. Most of your predictions are flat on their face. Where is the Bric bank and gold backed Yuan? LMFAO

Davy on Sun, 20th Jan 2019 6:30 am

“Sunday evening here. The frogs are chirping and it is still 83F. Going down to 76F tonight. No wood needed. Or A/C. LOL”

Translation: “my life is lonely and boring so I talk up the only thing that I can think of the weather.”
Who the frig cares about your stupid weather, makattoo. I like winters, thank you very much. Now go to bed before I have to put you to bed with some good old moderation of your rabid extremism.

“For those who are reading challenged, here is the real world in a graphic. Notice who is in the green and who is in the red, near the bullseye?”
There is more to debt makattoo, you might talk about China and its 300% plus debt numbers for its economy. Its zombie companies and NPL banks tell a real story of financial Armageddon. You don’t talk about that because you are a loser anti-American freak.